Tinubu approves leadership changes in the Housing and Urban Development Sector 

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President Bola Tinubu has authorized the reconstitution of the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development.

According to Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, this approval is part of a comprehensive strategy to revitalize the sector to address the present and future needs of Nigerian families nationwide.

For the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi has been appointed as Managing Director/CEO, Ibidapo Odojukan as Executive Director (Finance & Corporate Services), Muhammad Sani Abdu as Executive Director (Loans & Mortgage Services), and Chinenye Anosike as Executive Director (Business Development & Portfolios).

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At the Federal Housing Authority (FHA), Oyetunde Oladimeji Ojo assumes the role of Managing Director/CEO, Mathias Terwase Byuan as Executive Director (Housing Finance & Accounts), Umar Dankane Abdullahi as Executive Director (Business Development), Engr. Oluremi Omowaiye as Executive Director (Project Implementation), and Arc. Ezekiel Nya-Etok as Executive Director (Estate Services).

New FMBN CEO, Shehu Osidi, brings over 30 years of banking experience to his new role, including 13 years in mortgage banking.

He is an alumnus of Harvard University’s Kennedy School of Government and the University of Pennsylvania’s Wharton School of Housing Finance.

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The new FHA CEO, Oyetunde Ojo, served as a Member of the House of Representatives and has extensive experience in the housing and hospitality sectors spanning over a decade. He holds a Master’s degree in Peace and Conflict Studies from the University of Greenwich, United Kingdom.

With President Tinubu’s groundbreaking approval of initiatives such as the establishment of Building Materials Hubs across all six geopolitical zones, financing and creation of a National Social Housing Fund for low-income and vulnerable groups, and land reforms aimed at facilitating access to land nationwide and unlocking nearly $300 billion of dormant capital in the sector, there are high expectations for the above-mentioned appointees. 

It is hoped they will swiftly embark on delivering affordable housing for millions of Nigerians in need, while also generating millions of new job opportunities for Nigeria’s talented youth population currently seeking employment.